NMB Laghubitta Bittiya Sanstha Ltd., a licensed “D” class microfinance institution by Nepal Rastra Bank, has announced its 12th Annual General Meeting (AGM). The AGM will discuss financial performance, proposed amendments, and other key matters.

Key Details of the AGM

Agenda of the AGM

A. General Proposals

1. Discussion and approval of the Chairman’s Annual Report for FY 2080/81.

2. Approval of financial statements, including balance sheet, profit & loss, and cash flow for FY 2080/81.

3. Appointment of an auditor for FY 2081/82 and determination of their remuneration.

B. Special Proposals

1. Amendments in MoA/Bylaws regarding:

   • Promoter and public shareholding ratio to be set at 51% and 49% respectively.

   • Number of directors representing promoter shareholders.

2. Changes in board formation, number of members, and tenure.

3. Authorization to initiate a merger/acquisition with other “D” class microfinance institutions.

4. Authorization to make further amendments based on regulatory directives from Nepal Rastra Bank.

C. Miscellaneous

• Discussion of any shareholder queries.

• Clarifications will be provided by the Chairman or an authorized person.

Important Instructions for Shareholders

• Share registration will be closed on Asar 24 for AGM purposes.

• To attend the AGM, shareholders must carry:

  1. Entry pass (attached to the annual report)

  2. Share certificate or Beneficiary (BO) Account proof

  3. Valid ID with photo

• Shareholders must sign the attendance book at the venue starting from 8:00 AM.

• Shareholders may appoint a proxy representative; however, the proxy form must be submitted at least 48 hours before the meeting.

• Minor or mentally disabled shareholders must be represented by their registered guardians.

• No bags or restricted items will be allowed inside the AGM venue.

• Any shareholder inquiries must be submitted in writing at least 7 days in advance to the registered office.

Notice: NMB Laghubitta 12th Annual General Meeting (AGM)

People’s Energy Limited has officially announced its 8th Annual General Meeting (AGM) for the Fiscal Year 2080/081. The company has invited all its shareholders to participate in the meeting, which will be held in both physical and virtual formats.

AGM Schedule Details

Agenda of the AGM

Ordinary Resolutions

1. Discussion and approval of the Board’s Annual Report for FY 2080/081.
2. Review and approval of the audited financial statements of FY 2080/081.
3. Appointment of an auditor for FY 2081/082 and determination of their remuneration.
4. Discussion regarding the issuance of ordinary shares (IPO).
5. Approval of key decisions made by the Board of Directors.
6. Election of a new Board of Directors.
7. Discussion on service benefits for Board members.

Special Resolutions

1. Approval for additional loan financing under co-financing for ongoing projects.
2. Authorization to amend the company’s Memorandum and Articles of Association as per regulatory requirements.
3. Miscellaneous matters.

Important Information for Shareholders

1. Attendance Book: The attendance book will remain open from 9:00 AM until the end of the meeting.
2. Institutional Shareholders: If an organization is a shareholder, the representative attending must bring an authorization letter.
3. Individual Shareholders Appointing Proxies:
   • Shareholders wishing to appoint a proxy must submit the signed proxy form to the company’s office at least 72 hours before the meeting, by 2082/03/21 at 10:00 AM.
   • Only one proxy can be appointed per shareholder; divided proxy rights will be invalid.
4. Mandatory ID Verification: All attendees are required to present valid identification.
5. Further Information: For more details, shareholders can contact the company’s office directly.

Conclusion

People’s Energy Limited encourages all its shareholders to actively participate in the upcoming AGM to help shape the future direction of the company. Whether attending in person or online, shareholders are reminded to follow the guidelines and submit required documents on time.

Notice: People’s Energy Limited’s 8th Annual General Meeting (AGM)

Sagarmatha Lumbini Insurance Company Limited (SALICO) has scheduled its 28th Annual General Meeting (AGM) on Baishakh 28, 2082 (May 11, 2025). The meeting will take place at Ranimahal Banquet Pvt. Ltd., Gyaneshwar, Kathmandu, starting at 10:00 AM. 

15% Cash Dividend Approved for FY 2080/81

During its 34th Board Meeting on Chaitra 28, SALICO’s board proposed a 15% cash dividend from its paid-up capital of Rs. 2.62 Arba, totaling Rs. 39.33 crore (including taxes). This proposal will be finalized during the AGM. Shareholders registered before Baishakh 17, 2082 (April 30, 2025) are eligible for the dividend and can vote on this agenda.

Key Agendas of the SALICO 28th AGM

1. Financial Approvals:

   • Approval of the Board’s Annual Report for FY 2080/81.
   • Endorsement of audited financial statements, profit/loss accounts, cash flow reports, and schedules as of Ashad 2081.
   • Appointment of an auditor for FY 2081/82 and approval of their remuneration. Current auditor J.B. Rajbhandari & Associates (Dibins) may be reappointed.

2. Special Proposals:

   • Review of meeting allowances and facilities for the Board and sub-committees.
   • Approval of corporate social responsibility (CSR) payments made to various organizations.
   • Amendments to the company’s Memorandum and Articles of Association based on regulatory guidelines.

Book Closure and Eligibility

The book closure date is set for Baishakh 17, 2082. Only shareholders registered by this date can claim dividends or attend the AGM. Ensure your details are updated with SALICO to avoid missing out.

Why Attend the SALICO 28th AGM?

This AGM is crucial for shareholders to:

• Vote on dividend distribution.
• Review the company’s financial health.
• Influence decisions on governance and CSR activities.

Notice: SALICO 28th AGM 2082